–Why the Barack Obama Presidential Library must be in Chicago Sunday, Sep 21 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor,
which ultimately leads to civil disorder.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive,
and the motive is the gap.
===================================================================================

Soon a decision will be made about where to put the Barack Obama Presidential Library. Several cities are in the running, one of which is Chicago.

I’m a Chicagoan, born and bred, though (full disclosure): For the past 50 years I have lived, not IN Chicago, but in a suburb of Chicago – about 4 miles outside the city limit.

Anyway, if you know Chicago as I do, you know its criminal history. Ted Kacyznski, the Unabomber was one of our guys. And no one will forget Rod Blagojevich, who thought the opportunity to sell a Senate seat was “golden,” as he put it.

And John Wayne Gacy, the serial killer of 33 boys – yup, a Chicago product. And are you old enough to remember John Dillinger? No? Don’t you go to the movies?

We’ll surely you remember our most famous product, Al Capone. Right?

We’ve not mentioned the innumerable Chicago aldermen sent to jail — people like Arenda Troutman, who took bribes, and Ambrosio Medrano, who also took bribes, and Jesse Jackson Jr. and his wife, both of whom took bribes (Note a pattern here?).

You see, if you run a tenement that has been cited for numerous code violations, you don’t fix the violations. You bribe your alderman.

If you need a liquor license in a neighborhood not zoned for liquor sales, you bribe your alderman. If you want to get out of a DUI ticket, you bribe your alderman.

In short, if you have any annoying problem, especially a problem with some illegal act you may have committed or wish to commit, you perform another illegal act: You bribe your Chicago alderman.

Since 1976, Chicago and its suburbs have seen 1,485 (!)federal convictions of corrupt public officials and businessmen, including 31 aldermen. Considering that Chicago has only 50 aldermen in total, sending 31 to jail in less than 40 years, is quite an accomplishment.

It demonstrates not only criminality, but incompetence for getting caught.

Why is this meaningful?

Are Some Banks Too Big to Punish?
By David Sirota

The Department of Labor notes that Credit Suisse (bank) “operated an illegal cross-border banking business that knowingly and willfully aided and assisted thousands of U.S. clients in opening and maintaining undeclared accounts” and in “using sham entities” to hide money.

Under existing Department of Labor rules, a conviction could prevent Credit Suisse from being designated a Qualified Professional Asset Manager. That designation exempts firms from other federal laws, giving them the special status required to do business with many pension funds.

The Obama administration is proposing to waive those anti-criminal sanctions against Credit Suisse, thereby allowing Credit Suisse to get the QPAM designation needed to continue its pension business.

According to data compiled by the Sunlight Foundation, employees of Credit Suisse have given President Obama’s campaigns more than $376,000. That’s particularly relevant in light of an April study of SEC data from London Business School professor Maria M. Correia.

That analysis showed that “politically connected firms are on average less likely to be involved in … enforcement action and face lower penalties if they are prosecuted.” Credit Suisse committed a crime. Where’s the punishment?

Which brings us to the Barack Obama:

After graduating college, Mr. Obama was hired in Chicago as director of the Developing Communities Project, on Chicago’s South Side, as a community organizer. He then attended Harvard Law School, after which he was Visiting Law and Government Fellow at the University of Chicago Law School.

From then on, for Mr. Obama, it was all Chicago, all Illinois, all politics. Everything he knows comes from the Chicago political system. The man has the Chicago river running through his veins.

Now, nothing is to suggest Mr. Obama is another Ted Kacyznski, John Wayne Gacy or Al Capone.

No, in essence, Mr. Obama is a Chicago alderman on steroids. He grew up in the “Chicago way.” Prosecuting a money-donating backer for the “minor crime” of stealing millions, would be as alien to him as paying a traffic ticket.

So what could be more fitting than to site the Barack Obama Presidential Library in Chicago? It will be paid for by donors, absolutely none of whom expect anything in return.

Please ignore the fact that Mr. Obama named Penny Pritzker, Chicago’s wealthiest woman, to be his Secretary of Commerce.

Penny’s uncle owned Superior bank. Why is this meaningful?

The FDIC seized the bank and the Pritzker family reached an agreement with regulators to pay $460 million.

Industry experts have criticized the Pritzkers in regard to Superior. Consumer advocates and government investigators asserted Superior “engaged in unsound financial activities and predatory lending practices.”

What could be higher qualification for Secretary of Commerce than being involved with a crooked bank? Well, for one thing:

On July 2, 2008, Ms. Pritzker and her husband hosted a $28,500 per plate fundraiser for Mr. Obama’s campaign in Chicago with Warren Buffett and his wife, and Obama advisor Valerie Jarrett.

If you want something done, like loosening laws against illegal bank operations, failing to prosecute any bankster or cutting taxes on the rich while raising taxes on the poor, you don’t bribe your alderman. You bribe your President.

So yes, by all means, put the Obama Presidential Library here in Chicago. Keep it close to the money.

It’s the Chicago and the Obama way.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)

9. Federal ownership of all banks (Click here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
Two key equations in economics:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

THE RECESSION CLOCK
Monetary Sovereignty

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

–If you lean conservative, please complete this sentence: Friday, Sep 19 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor,
which ultimately leads to civil disorder.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive,
and the motive is the gap.
===================================================================================

It occurs to me that I may not have not taken seriously enough, the attitudes of the right-wing, so if you consider yourself to be a conservative, please tell me why.

Please complete this sentence: I lean toward the conservative agenda because:

1.
2.
3.
4.
5.

[List as many reasons as you wish, in the "Reply" section, below.]

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)

9. Federal ownership of all banks (Click here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
Two key equations in economics:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

THE RECESSION CLOCK
Monetary Sovereignty

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

–Does raising the minimum wage really benefit low-wage workers? Wednesday, Sep 17 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor,
which ultimately leads to civil disorder.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive,
and the motive is the gap.
===================================================================================

There are many arguments, pro and con, regarding an increase in the minimum wage — so many arguments that ’till now, I’ve been reluctant to engage.

Those in favor of raising the minimum wage believe: It’s only logical. If you raise the minimum wage, the Gap between the rich and the rest will narrow; fewer people will require poverty aids, people will spend more, and the entire economy will benefit.

Those opposed to raising the minimum wage believe: It’s only logical. If you raise the minimum wage, employers will be encouraged to find ways to reduce the number of low-wage jobs. These tend to be low-skill jobs, the easiest jobs to replace with automation or by combining multiple jobs. So, raising the minimum wage will cause more unemployment.

There may be no convincing answer — at least no answer that can convince both sides — but here is some interesting data:

????????????????????????

Bottom line: Employment decreases may result from many factors, but raising the minimum wage does not seem to be one of them. On balance the states that raised the minimum wage had a higher employment increase than those that did not.

That said, raising the minimum wage may not be the best way to help the lowest-paid group.

Employment decreases generally are associated with a bad economy. But, raising the minimum wage adds no dollars to the economy, so does little to stimulate economic growth.

monetary sovereignty

The best way to help the low-wage worker is to institute the “10 Steps to Prosperity.”

Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)

9. Federal ownership of all banks (Click here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————
10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
Two key equations in economics:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

THE RECESSION CLOCK
Monetary Sovereignty

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

–Who owns Palestine? The phony crisis. Monday, Sep 15 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor,
which ultimately leads to civil disorder.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive,
and the motive is the gap.
===================================================================================

I long have considered the upset over Israeli settlements in the West Bank, “on Palestinian land,” to be a media-manufactured, pseudo-crisis, for three reasons:

1. There are no “Palestinians” other than people who have lived in Palestine, a definition that includes Arabs and non-Arabs, Jews, Christians, Muslims and representatives from just about every national, religious and social group in the world.

2. There is no “Palestine”, at least there is no agreed-upon border for anything called “Palestine.” It’s an unspecified, amorphous area containing the city of Jerusalem.

3. National borders change frequently, mostly as a result of wars, the determinant of the “correct borders” generally being the winners of those wars. With the exception of Israel’s voluntary gift of Gaza, made with the naive belief that “land-for-peace” would be honored, seldom in history, has a victor donated the acquired land back.

Here are two maps of “Palestine,” the first from http://www.bible.ca and the second a map of “Palestine,” as illustrated by worldatlas.com

Palestin biblical mapPalestine world atlas

They are substantially different, of course, and leave open the question, “Who has had the right to draw those borders and who owns the land.” The historical answer: “The victorious occupant.”

Similarly, look at European maps, that appeared in the NewScientist article, “End of nations: Is there an alternative to countries?”” (03 September 2014 by Debora MacKenzie)

Europe nations 1800Europe nations 1900

Europe nations 1920Europe nations 2000

Again, they are substantially different, and again the questions, “Who has had the right to determine which is the ‘correct’ map, and what makes it ‘correct’?” And again, the answer to both questions historically has been, “the victorious occupant.”

As we review some excerpts from the excellent NewScientist article (I urge you to buy it and read it), remember the above questions and answers.

Before the late 18th century there were no real nation states, says John Breuilly of the London School of Economics. If you travelled across Europe, no one asked for your passport at borders; neither passports nor borders as we know them existed. People had ethnic and cultural identities, but these didn’t really define the political entity they lived in.

A conquered city or region could be subsumed into an empire regardless of its inhabitants’ “national” identity. Ancient empires are coloured on modern maps as if they had firm borders, but they didn’t.

In 1776 and 1789, revolutions in the US and France created the first nation states, defined by the national identity of their citizens rather than the bloodlines of their rulers. According to one landmark history of the period, says Breuilly, “in 1800 almost nobody in France thought of themselves as French. By 1900 they all did.”

According to Brian Slattery of York University in Toronto, Canada, nation states still thrive on a widely held belief that “the world is naturally made of distinct, homogeneous national or tribal groups which occupy separate portions of the globe, and claim most people’s primary allegiance”.

But anthropological research does not bear that out, he says. Even in tribal societies, ethnic and cultural pluralism has always been widespread. Multilingualism is common, cultures shade into each other, and language and cultural groups are not congruent.

Claims to Palestine generally are based on historical occupancy of claimants’ ethnic ancestors, over the centuries.

Yet. . . there is no good definition of an ethnic group. Many people’s ethnicities are mixed and change with the political weather: the numbers who claimed to be German in the Czech Sudetenland territory annexed by Hitler changed dramatically before and after the war.

Russian claims to Russian-speakers in eastern Ukraine now may be equally flimsy.

When Russia, the world’s largest nation, with millions of acres of empty land, annexed Crimea, the world reacted with barely concealed boredom. Yet when Israel, one of the world smallest nations builds a tiny settlement, the world is convulsed in seeming outrage.

Media-encouraged street protests, posing for television, with the obligatory police response, magically appear around the world. Meaningless suits (Decisions can be vetoed by any member of the UN Security Council) are filed in the World Court with claims of crimes against humanity .

One may debate the reasons why, but Israel, the only Mid-Eastern, democratic nation allowing freedom of religion is, and always has been, “different.”

That debate would have to include reasons why, despite massive financial and physical aid, and a significant population, Gaza has remained an impoverished war-territory, autocratically governed, and with its sole goal, destroying its neighbor.

Perhaps it is no wonder, then, that the nation-state model fails so often: since 1960 there have been more than 180 civil wars worldwide. Such conflicts are often blamed on ethnic or sectarian tensions.

It often is mentioned that while many thousands of Muslims live productive lives in Israel, no Jews live productive lives in Gaza. But . . .

It turns out that while ethnicity and language are important, what really matters is bureaucracy. This is clear in the varying fates of the independent states that emerged as Europe’s overseas empires fell apart after the second world war.

According to the mythology of nationalism, all they needed was a territory, a flag, a national government and UN recognition. In fact what they really needed was complex bureaucracy.

My Chicago-area village of only 25,000 residents has eleven primary Departments. Just one of those departments, Community Development, includes: Director of Community Development, Assistant Director of Community Development, Business Development Planner, Zoning Review Planner, Planner, Enforcement Officer, Building Inspectors, Code Enforcement Officer and Permit Clerk.

The other ten Departments are equally complex. They function to serve the myriad needs of the citizenry. Hamas and Fatah seem to care little about serving their citizenry, with Hamas preferring to use citizens as human shields.

Gaza has been riven by armed political conflict. Per Wikipedia: “From 2006-2007 more than 600 Palestinians were killed in fighting between Hamas and Fatah. A series of violent acts killed 54 Palestinians, while hundreds have claimed they were tortured. 349 Palestinians were killed in fighting between factions in 2007. 160 Palestinians killed each other in June alone.”

No street marches protested these killings.

Bottom line: Nations are a relatively new phenomenon, which unlike tribes and empires, require complex bureaucracies, not only in a central capitol, but throughout the territory. Gaza lacks these.

No ethnic group has the exclusive right to the name, “Palestinians,” and there is no specific land area known as “Palestine.”

While million of words have been written and spoken and shouted about the conflict, no one knows who Palestinians are and where Palestine is. Like discussions of religion — and fundamentally this is a discussion of religion — the fewer the facts the more fervent the belief.

The only real crisis is one of flying rockets and soaring hatred — encouraged by the media.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)

9. Federal ownership of all banks (Click here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

—–

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
Two key equations in economics:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

THE RECESSION CLOCK
Monetary Sovereignty

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

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